This report includes estimation of market sizes for value (USD million) and volume (million hectares). Both top-down and bottom-up approaches have been used to estimate and validate the size of the seed market and various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research (The Business Journal, Digital Journal, and International Seeds) and their market share in their respective regions have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources.

The global seed market has grown exponentially in the last few years. The market size is projected to reach USD 113.28 Billion by 2022, at a CAGR of around 9.9% from 2017. Factors such as increasing acceptance and area under cultivation of GM crops, improvement in Seed Replacement Rate (SRR), and change in science and technology advancements are some of the major drivers of this market. India, Japan, and China are the emerging countries in the seed industry as they demand hygienic environmental conditions.

The global market, on the basis of type, has been segmented into conventional seed and GM seed. The conventional seed segment is projected to grow at the highest CAGR during the forecast period. These s are referred to possess characteristics such as faster growth, higher yield, pest & disease resistance, and larger seeds. As consumer demands and expectations from the food industry continue to evolve, the opportunities for conventional seed is also increasing.

The global market, based on crop type, has been segmented into cereals & grains, fruits & vegetables, oilseeds, and others. The cereals & grains segment accounted for the largest share of the seed market in 2016, increasing seed replacement rate in areas under cultivation, R&D, and intensive agriculture practices followed by farmers to increase the yield and productivity of the crop are some major factors driving the growth of cereals & grains segment in seed market. The fruits & vegetables segment in the seed market is projected to grow at the highest CAGR from 2017 to 2022.

The market has been segmented on the basis of seed treatment. The treated segment is projected to grow at the highest CAGR from 2017 to 2022. With increasing awareness toward the benefits and proven value enhancement through the usage of treated seed, the acceptance rate is projected to grow at a robust rate.

The global market, based on trait, has been segmented into herbicide-tolerant, insecticide resistant, and other stacked seeds. The herbicide-tolerant segment accounted for the largest share of this market in 2016, herbicide-resistant traits are majorly used in soybean crops, followed by cotton and corn. Herbicide resistant is the most-used trait worldwide. The insecticide resistant segment in the seed market is projected to grow at the highest CAGR from 2017 to 2022.

The Asia-Pacific market is projected to grow at the highest CAGR during the forecast period. An outstanding growth is observed in this region for the seed market over the past few years. Some of the main reasons for this extraordinary growth are continuous increase in the population and the support from governments as well as national and international associations to increase the agricultural production of oil, grains, fruits, and vegetables to meet the need for food products in the region.

GM crops are used widely in the U.S. and Asia, but many European regulations have stated its impact on health and wildlife due to the concerns focused on their potential impacts on human health and the environment. GM crops such as corn have been banned for cultivation in France according to the laws passed by the EU.

The seed market is characterized by moderate competition due to the presence of a number of large- and small-scale firms. The market is dominated by players such as Bayer CropScience AG (Germany), The Dow Chemical Company (U.S.), E. I. Du Pont De Nemours and Company (U.S.), Monsanto Company (U.S.), and Syngenta AG (Switzerland). These collectively accounted for the largest portion of the seed market in 2016. New product launches, acquisitions, agreements, and expansions are the key strategies adopted by players to ensure their growth in this market. Other players, such as KWS SAAT SA (Germany), Groupe Limagrain (France), Sakata Seed Corporation (Japan), Rallis India Limited (India), and Land OLakes, Inc. (U.S.), also have a strong presence in this market.

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